If Both Supply and Demand Increase Simultaneously, the New Equilibrium

question 25

Multiple Choice

If both supply and demand increase simultaneously, the new equilibrium price is ___________ and the new equilibrium quantity is _________________.

• A)lower; lower
• B)lower; indeterminate
• C)indeterminate; higher
• D)higher; indeterminate

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Definitions:

Emotion

A complex psychological state involving an individual's subjective experience, physiological response, and expressive behavior.

Myelination

The process in which neurons are coated in a fatty substance, myelin, which contributes to faster neural communication.

Synaptic Pruning

The process by which synapses, neural connections that are seldom used, disappear.

White Matter

Myelinated brain tissue.